Flipkart Layoffs
January 2024
Flipkart announced a layoff affecting 1,100 employees (5% of its workforce) in January 2024. The company operates in the Retail sector.
1,100
5%
Jan 8, 2024
About
Flipkart, the major Indian e-commerce platform, is reportedly planning to lay off between 1,100 and 1,500 employees, representing 5-7% of its 22,000-strong workforce, as part of a performance-based restructuring and cost-control strategy. This initiative, expected to be completed by March-April 2024, follows a year-long hiring freeze and aligns with similar cost-cutting moves in the tech industry. The company is concurrently finalizing a $1 billion funding round led by Walmart to support its strategic plans, including a delayed IPO.
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